The U.S. Supreme Court agreed to use a shareholder lawsuit against National Australia Bank Ltd. to consider how far U.S. securities laws extend overseas.

The justices said Monday that they will review a federal appeals court decision that the suit by Australian stockholders of NAB was beyond the jurisdiction of U.S. courts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.